Hosken Consolidated Investments Limited provided earnings guidance for the year ended March 31, 2016. The company will report basic earnings per share of between 1,169.8 cents and 833.6 cents, being a decrease of between 65.2% and 75.2% as compared to restated basic earnings per share of 3,361.6 cents for the prior year, and headline earnings per share of between 1,050.0 cents and 955.4 cents, being an increase of between 11.0% and 1.0% as compared to restated headline earnings per share of 946.0 cents for the prior year. The significant decrease in basic earnings per share is mainly as a result of the prior year fair value adjustment to the carrying value of the group's investment in Tsogo Sun Holdings Limited prior to it being consolidated in the results of the company from September 2014. This adjustment did not recur in the current year.